Investors Sell Shares of Cintas Corp. (CTAS) on Strength (CTAS)
Traders sold shares of Cintas Corp. (NASDAQ:CTAS) on strength during trading on Wednesday. $36.33 million flowed into the stock on the tick-up and $53.48 million flowed out of the stock on the tick-down, for a money net flow of $17.15 million out of the stock. Of all stocks tracked, Cintas Corp. had the 0th highest net out-flow for the day. Cintas Corp. traded up $2.66 for the day and closed at $115.65
Several analysts have recently issued reports on CTAS shares. Barclays PLC lowered their price objective on shares of Cintas Corp. from $105.00 to $95.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 20th. Nomura reissued a “buy” rating and set a $102.00 price objective on shares of Cintas Corp. in a research note on Friday, July 15th. Zacks Investment Research cut shares of Cintas Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, August 4th. KeyCorp boosted their price objective on shares of Cintas Corp. from $110.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Piper Jaffray Cos. reissued a “neutral” rating and set a $106.00 price objective (up from $95.00) on shares of Cintas Corp. in a research note on Wednesday, July 20th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. Cintas Corp. presently has a consensus rating of “Hold” and a consensus target price of $109.50.
The company has a 50-day moving average price of $104.02 and a 200 day moving average price of $93.30. The stock has a market cap of $12.05 billion and a PE ratio of 18.53.
Cintas Corp. (NASDAQ:CTAS) last issued its quarterly earnings results on Tuesday, July 19th. The company reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.08. The firm earned $1.27 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter last year, the company posted $0.86 EPS. Equities research analysts expect that Cintas Corp. will post $4.43 earnings per share for the current fiscal year.
In related news, Director Gerald S. Adolph sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $108.12, for a total value of $216,240.00. Following the completion of the sale, the director now owns 11,590 shares in the company, valued at approximately $1,253,110.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Several large investors have recently modified their holdings of the stock. Redwood Investments LLC purchased a new stake in shares of Cintas Corp. during the fourth quarter valued at approximately $13,687,000. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its stake in Cintas Corp. by 1.9% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 12,384 shares of the company’s stock worth $1,128,000 after buying an additional 230 shares during the last quarter. Wells Fargo & Company MN increased its stake in Cintas Corp. by 3.8% in the fourth quarter. Wells Fargo & Company MN now owns 274,885 shares of the company’s stock worth $25,028,000 after buying an additional 10,136 shares during the last quarter. Aberdeen Asset Management PLC UK increased its stake in Cintas Corp. by 19.3% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 18,326 shares of the company’s stock worth $1,693,000 after buying an additional 2,967 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in Cintas Corp. by 157.0% in the fourth quarter. BNP Paribas Arbitrage SA now owns 40,781 shares of the company’s stock worth $3,713,000 after buying an additional 24,913 shares during the last quarter.
Cintas Corporation provides products and services to businesses of all types. The Company is a provider of corporate identity uniforms through rental and sales programs, as well as a provider of related business services, including entrance mats, restroom cleaning services and supplies, carpet and tile cleaning services, and first aid, safety and fire protection products and services.
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